Karpus Updates Ownership: 8,100 Shares of Pioneer Diversified High Income Fund

Rhea-AI Filing Summary

Karpus Management, Inc. files an amended Schedule 13G reporting passive ownership of 8,100 shares of Pioneer Diversified High Income Fund, Inc. common stock, representing 0.10% of the class. The filing states the shares are held directly in accounts managed by Karpus and that Karpus is a registered investment adviser organized in New York. Karpus notes it is controlled by City of London Investment Group plc but asserts effective informational barriers prevent attribution of ownership to that parent. The statement certifies the securities were acquired and are held in the ordinary course of business and not to influence control of the issuer.

Positive

• Transparent disclosure of beneficial ownership: 8,100 shares (0.10%)
• Certification that holdings are in the ordinary course of business and not for control purposes
• Clear statement that attribution to the parent is avoided via informational barriers

Negative

• None.

Insights

Compliance & Regulatory Analyst

TL;DR: Amendment documents small, passive stake and affirms compliance with beneficial-ownership rules.

The filing discloses a beneficial ownership position of 8,100 shares (0.10%) held in Karpus-managed accounts and classifies Karpus as an investment adviser. The certification language confirms the position is held in the ordinary course of business and not for control purposes.

Reliance on informational barriers to separate Karpus from its parent is explicitly stated; investors should note this is a factual disclosure about internal controls rather than a regulatory determination. Expect routine regulatory visibility only; there are no listed proximate milestones to monitor in the near term.

Portfolio Ownership Analyst

TL;DR: Position size is immaterial to shareholder control and likely reflects a client allocation.

At 8,100 shares or 0.10% of the class, this holding is well below thresholds that trigger reporting as a 5% holder or suggest active influence over corporate decisions. The filing's statement that shares are owned by accounts managed by Karpus supports a client‑account rather than firm‑owned profile.

Material investor impact is limited; monitor future filings only if the aggregate percent rises toward disclosure thresholds or if additional items indicate a change in intent within 12 months.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Pioneer Diversified High Income Fund, Inc.

(Name of Issuer)

Common

(Title of Class of Securities)

723653101

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 723653101

1

Names of Reporting Persons

KARPUS MANAGEMENT, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 8,100.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 8,100.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,100.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.10 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Pioneer Diversified High Income Fund, Inc.
(b)	Address of issuer's principal executive offices: 60 State Street, Boston, MA 02109-1800
Item 2.
(a)	Name of person filing: This statement is being filed by Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus" or the "Reporting Person"). Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. Karpus is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between Karpus and CLIG such that voting and investment power over the subject securities is exercised by Karpus independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between Karpus and CLIG. The Shares to which this Schedule 13G relates are owned directly by the accounts managed by Karpus.
(b)	Address or principal business office or, if none, residence: 183 Sully's Trail, Pittsford, New York 14534.
(c)	Citizenship: The members of the Karpus Management Committee are US citizens. Karpus is a New York corporation.
(d)	Title of class of securities: Common
(e)	CUSIP No.: 723653101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 8,100.00
(b)	Percent of class: 0.10 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 8,100.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 8,100.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

KARPUS MANAGEMENT, INC.

Signature:	/s/ Jodi L. Hedberg
Name/Title:	Jodi L. Hedberg / Chief Compliance Officer
Date:	10/07/2025

FAQ

What stake did Karpus Management report in HNW?

Karpus Management reported beneficial ownership of 8,100 shares, equal to 0.10% of Pioneer Diversified High Income Fund, Inc. common stock.

Does Karpus claim the holding is intended to influence control of HNW?

No. The filing certifies the securities are held in the ordinary course of business and not for the purpose of changing or influencing control.

Is Karpus an affiliate of a larger group that affects attribution?

Karpus states it is controlled by City of London Investment Group plc but says effective informational barriers prevent attribution of voting or investment power to the parent.

Under what classification was this Schedule 13G filed?

The filing identifies Karpus as an investment adviser (Type IA) and reports ownership consistent with passive holdings under Schedule 13G rules.

When was the amended Schedule 13G signed?

The signature block shows the filing was signed on 10/07/2025 by Jodi L. Hedberg, Chief Compliance Officer of Karpus Management, Inc.